Americas

Trump Threatens BMW with 35% Tax on Cars Made in Mexico

January 16, 2017 at 12:33 AM

President-elect Donald Trump tells Bild the U.S. will add a 35% border tax on any 3 Series sedans BMW AG intends to import from Mexico.

Ford May Compensate Suppliers for Abandoned Mexico Plant

January 12, 2017 at 12:11 AM

Ford Motor Co. is discussing compensation for suppliers linked to its $1.6 billion assembly plant in San Luis Potosi, Mexico, that was cancelled last week.

Car Sales in Mexico Surge to Record High

January 06, 2017 at 12:00 AM

Car sales in Mexico jumped 19% in 2016 to a record 1.6 million units, according to dealer and industry trade groups.

Trump Threatens Border Tax on Toyota Corollas from Mexico

January 05, 2017 at 5:17 PM

President-elect Donald Trump, who earlier this week warned of a “big border tax” on cars General Motors Co. makes in Mexico, has now made the same threat against Toyota Motor Corp.

Report: Nissan Drops Out of Luxury Car Project with Mercedes

January 05, 2017 at 1:24 PM

Nissan Motor Co. is abandoning plans to develop luxury vehicles jointly with Daimler AG’s Mercedes-Benz unit, sources tell Reuters.

UPDATE: Trump Threatens Import Tax on Mexican-Made GM Cruze Cars

January 03, 2017 at 1:41 PM

President-elect Donald Trump threatens to impose a “big border tax” on Chevrolet Cruze small cars made by General Motors Co. in Ramos Arizpe, Mexico.

Ford Cancels $1.6 Billion Plant in Mexico

January 03, 2017 at 12:43 PM

Ford Motor Co. says it is dropping plans to build a $1.6 billion small-car assembly plant in San Luis Potosi, Mexico.

Mexico Tops Canada in Exports to U.S.

December 06, 2016 at 3:38 PM

Mexico has surpassed Canada in the overall value of goods it ships to the U.S., according to the Dept. of Commerce.

UPDATE: PSA Expands Capacity in Argentina

December 06, 2016 at 3:04 PM

PSA Group says it will spend $320 million to expand production capacity at its Palomar manufacturing complex outside Buenos Aires, Argentina.

VW Truck & Bus to Invest €420 Million in Brazil

December 02, 2016 at 12:05 AM

Volkswagen AG's truck and bus business plans to invest about €420 million ($448 million) over the next five years to update its truck plant and commercial vehicle product lineup in Brazil.

Ford Says a Trump Tariff Won’t Alter Mexico Plans

November 16, 2016 at 1:34 AM

Ford Motor Co. CEO Mark Fields tells reporters the company won’t reduce its investment plans in Mexico even if president-elect Donald Trump makes good on his threat to impose a 35% import tariff on vehicles made there.

Renault Readies Expanded Crossover Lineup in Brazil

November 08, 2016 at 1:34 PM

Renault SA is finalizing plans to broaden its product lineup in Brazil with three crossover models next year.